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The acquisition of Neogames by Aristocrat has been finalized

Friday 26 de April 2024 / 12:00

2 minutos de lectura

(United States).-Aristocrat Leisure Limited has completed its acquisition of NeoGames S.A. The operation was finalized on April 25, 2024.

The acquisition of Neogames by Aristocrat has been finalized

This strategic move by Aristocrat positions them well in the gaming content industry. Aristocrat will pay $29.50 per share in NeoGames in an all-cash transaction. This represents a premium of approximately 104% over the volume weighted average price of NeoGames’ shares for the three months to 12 May, the last trading day prior to the deal. 

The agreement terms stated NeoGames would transfer its statutory seat, registered office and seat of central administration from Luxembourg to the Cayman Islands. An Aristocrat subsidiary would then merge with NeoGames, with the latter being the surviving company and become a wholly owned subsidiary of Aristocrat.

NeoGames’ board unanimously approved the deal, while NeoGames shareholders who hold 20,382,242 shares, representing approximately 61% of NeoGames’ outstanding shares, have executed a support agreement with Aristocrat to vote in favour of the transaction.

Aristocrat chief executive and managing director, Trevor Croker, added: “Through the acquisition of NeoGames and its industry-leading global online RMG platform, this transaction will deliver on our strategy by providing a portfolio of end-to-end solutions for igaming, ilottery and online sports betting operators globally. 

“We see great opportunities in the combination of our complementary businesses, with clear revenue and growth potential that comes with a complete and seamless online RMG solution.

“This proposed acquisition builds on the strength and resilience of our business, expands market opportunities and adds capabilities to unlock our full potential. We remain focused on executing our proven growth strategy and creating long-term value for Aristocrat shareholders.”

Subject to customary closing conditions, including receipt of regulatory approvals and the approval of NeoGames’ shareholders, the acquisition is expected to close within 12 months.

Categoría:Others

Tags: Aristocrat, NeoGames,

País: United States

Región: North America

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